FREF
- Global Commercial Real Estate Tokenized Investment Fund -
Funded by FOUNT @Fount_fund - An open tokenized fund focused on specialized funds such as operational commercial real estate.
FREF aims to be a leading #RWA project in real estate with the support of FOUNT.
BIG NEWS
TridentChian @TDC_Chain , invested by FOUNT, has some exciting news on the way.
Stay turned!
FOUNT providing support to the blockchain industry projects.
FOUNT leverages blockchain technology to bridging the gap between real assets and blockchain tokenization.
According to the report, we believe #RWA is the most bullish narrative this bullrun.
Real-world assets bring tangible value to the blockchain, offering both stability and growth potential.
RWA grants traditional assets greater transparency, accessibility, and liquidity.
"The top categories in 2024 Q2 were Meme Coins, AI and RWA, accounting for 77.5% of web traffic.
Meme Coins, Real World Assets (RWA), and AI were the most popular narratives in 2024 Q2, capturing 35.7% of market share. This was similar to 2024 Q1."
#RWA still has enormous power.
CoinGecko 2024 Q2 Crypto Industry Report is now LIVE 📊
After nearly breaching all-time highs in 2024 Q1, the total crypto market cap returned some of those gains in Q2, dropping 14.4%, closing at $2.43T in June.
Here are 7 key highlights you shouldn't miss ⬇️
🌎FOUNT's real estate industry layout #RWA:
🌎High-quality commercial real estate around the world.
🏙️The intended assets have already reached a considerable scale.
🌇Asset introduction will be released gradually.
Real World Assets (RWA) in crypto tokenize physical assets like real estate and art on blockchain. BNB Chain's multi-chain framework offers scalability, low costs, and secure data storage, making it perfect for RWA integration in DeFi.
Learn more below 👇
https://t.co/Nq9HWzn9Cz
🚀 The crypto bull run is just getting started! Here’s why:
🇩🇪 German government sold majority of their #BTC, clearing the way for new investors.
🌐 $ETH ETF is launching, bringing Ethereum to mainstream finance.
📉 Interest rate cuts are making crypto more attractive.
💸 FTX distributing $16B cash to sidelined crypto traders, boosting liquidity.
🇺🇸 Pro-crypto president in office.
🛡 Pro-crypto regulatory policies in place.
🌞 $SOL ETF coming soon!
Keep believing in your #RWA —they are the future of finance and innovation! 💪
#RWA has emerged as a significant narrative in the crypto industry.
Is RWA tokenization in 2024 akin to #DeFi in 2019?
A new landmark use case for tokenized funds:⬇️
Top story: “We’re at a critical tipping point.” Delivering NAV data to blockchains is set to catalyze the growth of tokenized funds.
Is RWA tokenization in 2024 akin to #DeFi in 2019? This week, a new landmark use case for tokenized funds:
Fidelity International and Sygnum (@sygnumofficial) collaborated with #Chainlink to deliver NAV data onchain for Fidelity International’s $6.9B money market fund. Sygnum tokenized $50M of @the_matter_labs’s reserves held in the fund and issued it in a tokenized format on the @zksync blockchain.
“The fund industry, one of the largest parts of the global financial system, and Fidelity International is one of the biggest players in that ecosystem,” noted Chainlink’s Sergey Nazarov. Bringing NAV data onchain enables the creation of tokenized funds, mirroring what the industry saw in DeFi, where Chainlink Data Feeds catalyzed the growth of the DeFi space to over $200B. “The tokenized fund trend is in a similar position.”
Earlier this year, the Depository Trust and Clearing Corporation (DTCC), Chainlink, and 10 of the world’s largest financial institutions collaborated on the Smart NAV pilot that delivered key mutual fund data onchain.
“The RWA trend is probably the largest trend in crypto right now and fund tokenization is a very big subset of that,” said Nazarov. “We’re at a critical tipping point.”
More industry news from around the world:
1. Clearstream, DekaBank, and DZ Bank issue tokenized €5M bonds
These tokenized bonds mark the first institutional-grade issuances on a #blockchain using wholesale digital central bank money within Germany, noted Clearstream, a subsidiary of Deutsche Börse. It successfully demonstrated how delivery versus payment (DvP) can settle transactions involving securities and wCBDCs. The bonds were issued on Deutsche Börse’s D7 DLT as part of the European Central Bank’s (ECB) trials. DeBank highlighted the key benefits for issuers of “speed, scalability, and security.”
2. Paxos to issue stablecoins in Singapore with DBS Bank to custody reserves
After the Monetary Authority of Singapore gave Paxos a license to operate, Paxos selected Singapore’s largest bank, DBS Group Holdings Ltd., to custody its reserves. Paxos is now approved to issue stablecoins in the US, UAE, and Singapore.
3. SG-Forge makes EURCV stablecoin MiCA compliant, enabling use across DeFi
Societe Generale-FORGE, a subsidiary of France’s third-largest bank Societe Generale, has made its EURCV compliant with the EU’s Markets in Crypto-Assets (MiCA) regulations after receiving an e-money license. Until now, EURCV could only be transferred to allowlisted addresses, but that restriction is now lifted and EURCV can be transferred freely, including across the DeFi landscape.
4. State Street partners with Galaxy Asset Management, highlighting potential for new ETFs
Continuing the convergence of TradFi and blockchain, Galaxy highlighted that the partnership put them in a strong position to make digital assets more accessible “through the creation of new ETFs offering exposure to digital assets.”
5. Sony prepares to launch S.BLOX Co. crypto exchange in Japan
A Sony Group subsidiary is launching S.BLOX Co., after rebranding local cryptocurrency exchange WhaleFin, which it acquired from Amber Japan last August. The revamp includes a new mobile app and user interface. Sony is also developing a public blockchain and has filed a patent for in-game assets named “super-fungible tokens.”
6. Bahamas to mandate banks to support Sand Dollar CBDC
The islands' central bank governor foresees that commercial banks “will be required to provide their clients with access to the central bank digital currency.” The ECB has also signaled it would make it mandatory for banks and retailers to accept a digital euro, if launched. The Bahamas was one of the first countries in the world to launch a central bank digital currency.
7. JPM Coin processes billions for Ant International
Ant International, an affiliate of China’s Alipay, has now processed billions of dollars in transactions for its internal treasury functions using JPM Coin. Ant uses an internal AI- and blockchain-based system for treasury management that communicates with JP Morgan’s blockchain-based platform via APIs, enabling programmability and automation for its treasury functions.
Sources below.